Hi all, am taking a CE course which is covering basis, deprecation, etc.  It is saying something I have never done, as far as rules to capitalize improvements, it is saying that small tax payers (annual gross income under $10 million, building under $1 million) do not have to capitalize at all. I have never considered income or value of building. I have always tried to follow the rules for all my clients (all but a few are small tp). Was just wondering if you guys/gals follow that advice.